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1. Nazi Germany and present-day North Korea are examples of what type of authoritarian regime?
Totalitarian
Theocratic
Bureaucratic-authoritarian
All of the above
2. A state that is controlled by religious leaders and imposes strict religious restrictions on its citizens is known as:
A theocracy
A holy empire
A secular republic
A democratic nation
3. Bureaucratic-authoritarian regimes are characterized by:
Control of the state by a group of elites rather than a single individual
A separation between state and military
A focus on ideology
Low economic productivity
A country’s annual growth rates over a 10-year period are shown in the following table. Year Growth Rate 1 5 2 3 3 4 4 -2 5 -3 6 3 7 4 8 5 9 6 10 2 What was the country’s trend rate of growth over this period?
Expansionary monetary policy, or an "easy money" policy by the Fed..
Suppose that the cost of eradicating polio from a society of 1,000 persons is $5 per person. Also suppose that only two persons in that society will benefit from that policy, and the benefit to each of those persons is $2,000. Then what is the social..
Cost function C(q) = 10 + 10q + q^2 where q is the quantity of laundry services provided. If the price of laundry service is 50 units, how much is the optimal quantity of laundry services to maximize profit and what is the maximum profit that Acme La..
Derive the Iso-quant curve for this firm. Derive the Expansion path for the firm if w=1 and r=3. Derive the long run cost function if w=1 and r=3. What is the optimal capital and labor if you want to produce 500 units of output?
For each category, indicate which condition is associated with higher rivalry among competitors.
Japanese GDP in 2010 was 480 trillion yen (U.S. GDP, again, was $14.5 trillion). The exchange rate in 2010 was 87.8 yen per dollar. Contrary to China and India, however, Japan had higher prices than the United States: the price level in Japan (conver..
Other things remaining the same, if the price level rises, then domestic interest rates will:
What are some of the key things that can shift the supply and demand of money? Explain how these shifts might happen.
Assume that a price-taking firm in the wheat industry has typical U-shaped SAC and AVC shortrun cost curves and an upward sloping SMC curve. Describe the short-run supply curve for this firm. What is the shutdown price for this firm?
n the short run, a firm's total costs of producing the hundredth unit of output equal $10,000. If it produces one more unit, its total costs will increase to $10,150. What is marginal cost of the 101st unit of output.
The concern of an auto insurer that insured drivers will not be as careful is due to the problem of:
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